Quote from MandelbrotSet:
P.S. See you in your next alias soon, Mr. Lonely.
Wutch yu talkin about Willis? You mean he is actually Akon?
http://www.youtube.com/watch?v=1vHM-BNDUD4
(Akon singing Mr Lonely) with Alvin and the Chipmunks.
FREE ES Trading Strategy that works
- Thread starter DonKee
- Start date
Wutch yu talkin about Willis? You mean he is actually Akon?
http://www.youtube.com/watch?v=1vHM-BNDUD4
(Akon singing Mr Lonely) with Alvin and the Chipmunks.
DonKee,
In your picture with your OP, are your labels at you vertical markers backwards? (Sell low, buy higher?) Am I missing something?
Thanks!
In your picture with your OP, are your labels at you vertical markers backwards? (Sell low, buy higher?) Am I missing something?
Thanks!
Reaper
You're not understanding the system rules
There are two (2) parts to the signal. First the signal line crosses (thats why its called "first cross"), then the histo confirms.
Histogram confirms when it moves contrary first, then back towards the signal (in this case it is a sell) so the histogram "points up" first, then crosses back down. As it does so (in theory) "momentum" should come into the market, in the direction of the entry. All this is happening in front (to the left) of the first vertical line
Confirmation of the entry can happen right away as it does with the sell example in the chart, or it can take a while (for the histogram) to confirm the move. You have to be patient.
Other considerations;
1.) "Zero line rejection" where the histogram looks like it is going to confirm, but then it reverses right around the zero line.
2.) To really trade this you have to have a way of filtering the signals. Thats why the EMAs are there. Personally I would be using other filters but hey thats the OP's style. To each his own.
3.) In my opinion to get a tight entry, you might have to front run the signal ocaisonally especially in slow markets like today. If you have experience and can read the volume it isn't too hard to make this work. Newbies may have problems watching the histo oscillate back and forth and as always they will probably be late entering
Actually the system has a lot of nuance to it. A person could learn a lot trading it (if you were observant).
Pretty generous Don
Good luck to you
Stevesbg
You're not understanding the system rules
There are two (2) parts to the signal. First the signal line crosses (thats why its called "first cross"), then the histo confirms.
Histogram confirms when it moves contrary first, then back towards the signal (in this case it is a sell) so the histogram "points up" first, then crosses back down. As it does so (in theory) "momentum" should come into the market, in the direction of the entry. All this is happening in front (to the left) of the first vertical line
Confirmation of the entry can happen right away as it does with the sell example in the chart, or it can take a while (for the histogram) to confirm the move. You have to be patient.
Other considerations;
1.) "Zero line rejection" where the histogram looks like it is going to confirm, but then it reverses right around the zero line.
2.) To really trade this you have to have a way of filtering the signals. Thats why the EMAs are there. Personally I would be using other filters but hey thats the OP's style. To each his own.
3.) In my opinion to get a tight entry, you might have to front run the signal ocaisonally especially in slow markets like today. If you have experience and can read the volume it isn't too hard to make this work. Newbies may have problems watching the histo oscillate back and forth and as always they will probably be late entering
Actually the system has a lot of nuance to it. A person could learn a lot trading it (if you were observant).
Pretty generous Don
Good luck to you
Stevesbg
What's the closests to a 1000 tick chart? 3 mins?
install free NinjaTrader, and select ticks in menu. or you can use range bars, volume bars, too. All this works even in IB just fine.
Nevertheless, note that IB datafeed is 0.2-0.3 sec. snapshots and not precise ticks. Still, sometimes it works even better, especially in the moments when market is really crazy, the regular datafeeds (like TS, for example) could experience delays very often, by the way. not in IB case, because the snapshots are generated on the IB side and no need to transmit/process zillion ticks per second in "moments of truth"
.the average ratio continuously shifts and depends on the market conditions.
you may want to compare the time marks in different type of charts, to find some average correlation.
tick bars are not time-driven at all.
after price changes 1000 times, the next bar forms, and you can see not equidistant time marks in axis of T, under each bar.
tick charts and volume charts are usually better for scalping
Who or what is LBR?
Why 9 and 34? Why not 10 and 33? or 11 and 35?
HA bars usually get people in trouble because they don't show you the actual price.
So are you entering on the first tick of the candle after the 3-10 histogram turns back toward the 16 line?
That's non-specific. No offense but it sounds scammy. A lot of "gurus" give "rules" like that so that they can make it look like it worked after the fact. There are plenty of threads all over this forum where this is demonstrated.
See above.
If you're going to give a system, you need exact, unwavering rules. If the rules can change depending on conditions, then you need to specify exactly what parameters cause the rules to change and a specific set of values they change to, and not "sometimes you can change your stops if you feel like it."
Anyone back or forward tested this yet?
Hey DonKee,
I just spent the weekend analyzing this indicator and figuring-out why it works when it does, and what the problem is when it doesn't.
Thanks for the information and for sharing it on ET.
***
Interestingly enough, this guy came a lot closer to the truth than he might have realized.
Quote from dennisb:
If it fails consistently it also works
Good trading.